Examlex
________ are the firm's after tax profits that are distributed to stockholders.
Duopoly
A market structure characterized by two producers/sellers in competition with each other.
Constant Costs
Costs that remain unchanged regardless of the level of output or activity within a certain range.
Corncob Pipes
Pipes made from the dried cob of a corn plant, often used for smoking tobacco.
Cournot Reaction Function
A mathematical representation in economics that shows how one firm reacts to the quantity choice of another firm in a duopoly market setting.
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